Cheap Homes for Rent in Downtown Neighborhood of Colorado Springs, CO from $600 (16 Rentals)

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Search the lowest-cost Homes available for rent right now in the Downtown area of Colorado Springs.

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property at 417 E Kiowa St

$1,200 - $1,350

1 Bedroom Rentals

Available Now

417 E Kiowa St

Colorado SpringsCO80903
property at 219 N Institute St

$1,275 - $1,525

2 To 3 Bedroom Rentals

Available Now

219 N Institute St

Colorado SpringsCO80903

Colorado Springs's Best Affordable Neighborhoods

Learn about Colorado Springs and the best places to live with original content written by our Local Expert Darla Ferrara

Cheapest Available Downtown Apartments for Rent

 

The cheapest available apartment rental in the Downtown area of Colorado Springs, CO is a 2 Beds unit found at Sienna Place priced from $749. Shooks Run has the second lowest priced unit, which is a 1 Bed apartment currently listed from $768. Here are the most affordable Downtown apartments for rent in Colorado Springs, CO:

Apartment ListingModel NameBed/BathPriced From
Sienna Place2X12BR,1BA$749
Shooks Run1x1 40%1BR,1BA$768
Rosewood Apartments2 Beds, 1 Baths2BR,1BA$849
BG - SUMMIT VIEW APARTMENTS1BR/1.0BA1BR,1BA$850
Cascade ParkStudioStudio,1BA$875

Best Value Apartments for Rent in Downtown, CO

As of January 09, 2026 the best value apartment in the Downtown area is the $1.64 price per square foot 2 Bed Model at Gabion Apartments in the in the Downtown neighborhood starting from $1,895. The second greatest value Downtown apartment is the 2 Beds, 1 Baths Model at Rosewood Apartments starting at $849 with a $0.94 price per square foot in the Memorial Park neighborhood. Here is today’s list of the best values for Downtown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Gabion Apartments2 Bed2BR,2BA$1.64
Rosewood Apartments2 Beds, 1 Baths2BR,1BA$0.94
Union Blvd Apartments2 Beds, 1 Baths2BR,1BA$1.03
Kalo IvywildKaloDuo-Premium2BR,1BA$1.45
Sienna Place3X13BR,1BA$1.55
804 E Kiowa St, Unit 804 E. Kiowa #4804 E Kiowa St2BR,1BA$1.38
Jasmine Springs2 Bedroom, 1 Bath2BR,1BA$1.40
The Village at Homewood Point2x1 40%2BR,1BA$1.23
Shooks Run1x1 40%1BR,1BA$1.08
Homewood Point1BR/1.0BA1BR,1BA$1.30

Frequently Asked Questions about Downtown

What type of rentals are currently available in Downtown?

There are currently 241 Apartments for Rent in Downtown, CO with pricing that ranges from $699 to $4,452. There are also 72 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $600 to $5,500.

What is the current price range for Rental Homes in Downtown?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown ranges from $600 to $5,500 with an average monthly rent of $1,972.

How much are larger Three and Four Bedroom Rentals in Downtown?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown range from $1,095 to $4,452, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,313 to $5,500. Four Bedroom Single-Family rentals are also available starting from $1,970 and Four Bedroom Apartments start at $1,895.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

decorative image for A Local Experts Guide To 10 Budget-Friendly Neighborhoods to Rent in Colorado Springs, CO article

A Local Experts Guide To 10 Budget-Friendly Neighborhoods to Rent in Colorado Springs, CO

Written by: Darla Ferrara

Just the name Colorado Springs makes me think of home. I’m Darla, your ApartmentHomeLiving.com Local Expert for Colorado Springs, CO.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.